Taihe New Materials announced that the company's holding subsidiary Ningxia Ningdong Taihe New Materials Co., Ltd. ("Ningdong Taihe New Materials") plans to increase the registered capital by 400 million yuan. Dongkai Development Investment Co., Ltd. and Ningxia Jiacheng Investment Development Co., Ltd. jointly increased the capital of Ningdongtaihe New Material according to the original investment ratio, of which the company increased its capital by 315 million yuan with its own funds. After the transaction is completed, the company's investment ratio in Ningdongtai and Xincai will remain unchanged at 78.80%.
It is reported that this foreign investment is mainly used for the "high-performance fiber raw material project" of Ning Dongtai and new materials. As an important raw material for spandex production, PTMEG's stable supply capacity is of great significance for the quality of spandex products, cost control and research and development of differentiated products. It can also make full use of local high-quality resources, improve the company's vertically integrated production capacity, and help further expand production capacity. .
Ningdong TaiheHigh-performance fiber raw material project
Project name: Ningxia Ningdong Taihe New Material Co., Ltd. high-performance fiber raw material project;
Construction nature: newly built;
Construction unit: Ningxia Ningdong Taihe New Material Co., Ltd.;
Construction site: located in the factory area of Ningxia Ningdong Taihe New Material Co., Ltd. in the Coal Chemical Industry Park of Ningdong Energy and Chemical Industry Base;
Construction scale and construction content: This project newly builds a 125,000 t/a 1,4-butanediol (BDO) production plant and a 100,000 t/a polytetramethylene ether glycol (PTMEG) production plant, and Supporting construction of auxiliary projects, public works, storage and transportation projects and environmental protection projects;
Device running time: 7920 hours;
Total investment: 1.5 billion yuan.
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